Zacks Industry Outlook Spotlights Xylem, Zurn Elkay Water Solutions, and Republic Services
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Industry Growth: The Waste Management industry is projected to grow from $1.2 trillion in 2024 to $1.6 trillion by 2029, driven by improved waste collection methods and rising waste volumes in emerging markets.
Key Players: Notable companies in the Waste Removal Services market include Xylem, Zurn Elkay Water Solutions Corp., and Republic Services, all of which are positioned for growth due to their innovative solutions and operational efficiencies.
Technological Advancements: The integration of technology, such as AI and Waste-to-Energy innovations, is enhancing waste management practices, promoting sustainability, and addressing environmental challenges.
Market Performance: The Zacks Waste Removal Services industry holds a favorable ranking, indicating potential outperformance in the near term, despite recent underperformance compared to the broader sector and S&P 500.
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Analyst Views on XYL
Wall Street analysts forecast XYL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XYL is 167.50 USD with a low forecast of 135.00 USD and a high forecast of 182.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
11 Buy
2 Hold
0 Sell
Strong Buy
Current: 135.520
Low
135.00
Averages
167.50
High
182.00
Current: 135.520
Low
135.00
Averages
167.50
High
182.00
About XYL
Xylem Inc. is a water technology company. The Company designs, manufactures and services engineered products and solutions across a range of critical applications, primarily in the water sector. The Company’s Water Infrastructure segment focuses on the transportation and treatment of water, offering a range of products including water, wastewater and storm water pumps, treatment equipment, and controls and systems. Its Applied Water segment's products include pumps, valves, heat exchangers, controls and dispensing equipment. Its Measurement & Control Solutions segment develops advanced technology solutions that enable intelligent use and conservation of critical water and energy resources as well as analytical instrumentation used in the testing of water. The Company’s Integrated Solutions & Services segment provides equipment systems for industrial needs, full-scale outsourcing of operations and maintenance and municipal services, including odor and corrosion control services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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